Rates Quant/Quant-Developer

Job description

Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com

“We are an equal opportunity employer and we are opposed to discrimination on any grounds.”

About Statistical Modelling and Development

The Statistical Modelling and Development team is responsible for algorithms and model based business logic used in electronic trading in Markets. The primary purpose of this trading is to provide liquidity to clients on agency and principal basis, where either the connection to the client is electronic or provision of that liquidity requires electronic trading.

This requires the analysis research and development of proprietary algorithms and trading business logic using data mining and statistical techniques. The algorithms are delivered through the in-house BATS (Barclays Analytical Trading System) and ZTBB (Zero Touch Blackbird) with a significant part of the implementation done by the team itself.

The instruments that we currently cover include FX Spot, Government Bonds, Corporate Bonds, Rates Futures, Rates Swaps, NDFs and CDS indices.

The business logic includes information extraction from market data, price formation, auto-hedging, algorithmic risk management, execution strategies and smart-order-routing.

Overall purpose of role

Quant / Quant-developer working within the SM&D team. Depending upon project and asset class this could involve working on market analytics, execution strategies and models, pricing, hedging, pre/post trade analytics. Ultimately the purpose is to create best in class the business logic and models underlying electronic liquidity offering to clients and the associated analytics.

This would involve the full chain from analysis and research, implementation, productionisation, optimisation, monitoring and support.

Key Accountabilities

· Provide best in class service to Barclays clients
· Analysis and research of algorithmic models and metrics for eTrading
· Implementation, testing, and productionisation
· System tuning and optimisation
· Analysis of and improvements to algo performance
· Calibration and optimisation of parameters
· Proactive identification of problems and issues and resolution of them
· Provision of required support in timely manner and to high quality
· Participation in team peer reviews of code, modelling and testing
· Participation in team knowledge sharing and presentations

Stakeholder Management and Leadership

This role involves significant interaction with our partners in Product, Trading, Technology, Sales, Compliance and Risk. It may involve direct interaction with clients. The ability to work and communicate across diverse teams is essential.

Decision-making and Problem Solving

This position requires strong modelling, analytical and programming skills. Attention to details and ability to make independent judgement are critical for success at this position.

Risk and Control: All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards

Person Specification

· Experience in statistical models and data analysis
· Experience with programming languages like JAVA, R, Python, Perl and C/C++ in a shared codebase
· Good written and verbal communication skills to a wide audience
· Knowledge of low latency and event driven programming is desirable
· Knowledge of market microstructure and related time series models is desirable
· Prior experience with algorithms or eTrading business logic is preferred
· PhD or master degree in one a quantitative, mathematical or scientific discipline is preferred

Regulated Role

This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.]

The Benefits: Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.

Our Culture: Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Barclays is an equal opportunity employer and are opposed to discrimination on any grounds. For more detailed information, please visit our dedicated Diversity and Inclusion site here.